As is true with every edition of Intermediate Accounting, many changes are made because of new accounting standards issued by the Financial Accounting Standard Board. This is certainly true of this edition. This following topics have been substantially revised to reflect relevant new or proposed standards.
The accounting message frequently summarizes substantial compilations of data, the process of data collection is undergoing vast change as electronic computers and other recording devices are improved. The analysis of accounting data and financial statements is increasingly being carried on by means of sophisticated mathematical and statistical techiques. The title Handbook of Modern Accounting…